In many corporations, money (profit, capital, and revenue) is what motivates activities and decisions. One of the major goals of corporations, shareholders, and managers is to maximize profits (Brealey, Myers, & Marcus, 2015). Money plays a significant role in the success of a business. However, money can also play an equally significant role in a corporation’s decline and failure. Money can be a motivating factor for innovation and change or corruption and unethical behaviors.
Many have heard the popular phrase “Money is the root of all evil,” derived from 1 Timothy 6:10 which states “For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs” (NIV). However, this verse does not blame money itself for evil, but the love of money - greed. One’s attitude toward money could certainly be considered a characteristic of one’s values and ethical/unethical beliefs that influence ethical judgment (Vitell, Singh, & Paolillo, 2007). Greed, corruption, deceit, and other unethical attitudes can lead one away from biblical principles. Proverbs 16:8 states; “Better a little with righteousness than much gain with injustice” (NIV). As Christians, and business professionals, we must place focus not on worldly riches such as money; but on riches of grace, glory, and faith.
Biblical Priciples of Investing
The Bible says “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it” (ESV, Proverbs 13:11). Investing in the stock market is a double edged sword, it can make a man rich or he can lose everything. In the 1920s, many tried to make it rich in the stock market by speculating on sto...
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...y; 1 Timothy 6: 9-10 tells us, “But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs” (ESV). While the love of money can be considered the ‘root of all evil’, taking part in buying and selling stocks is more a business as compared to a gamble. Stock purchasing is when you purchase a portion of a company; otherwise meaning you own a small share in that company. The company’s successful can benefit as the company grows, but it can also be detrimental if the company loses profit. Buying, selling, and trading stock is business strategy that can indeed be risky; however, it is moreso an investment in a company.
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